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20110712
20110712
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Search Results 0 to 19 of about 20 (some duplicates have been removed)
to ask the big oil companies to give up one dime not one dime of their $4 billion annual subsidy. they have refused to ask big corporations to give up one dime in their corporate loopholes. what we are negotiating with is a group of people who won't compromise. a group of people who have said we want the middle class to pay more taxes so that big corporations can pay less. we want seniors to lose their medicare so that big oil companies can continue to foost on their subdis. that's what the problem is. >> the case that republicans have taken a hard line on talks, at the same time democrats are taking what sounds like a hard line on entitlements. let me read a statement from leader pelosi that says we continue to oppose benefit cuts in social security and medicare. these pillars should not be used a as piggy bank to subsidize tax cuts for the wealthy. are democrats not just as guilty of failing to compromise as republicans are in this case? >> no, absolutely not. what we have said and i think most americans would agree with this is the middle class and seniors should not be asked
the band-aid. eat our peas. >> reporter: of course, taxes remains the big sticking point. the president, though, insisting that nothing would change before 2013 so it would not happen during a difficult economic environment, but house speaker john boehner saying that there's no reason to raise taxes in order to control spending. he believes the best way to get revenue is by improving the overall economy by creating jobs. he says he is willing to get a deal done with democrats and the white house, but, in his words, it takes two to tango and they are not there yet. >> dan lothian at the white house, thanks. >>> the debt crisis overseas sending a chill through wall street this morning. less than half hour before the opening bell, u.s. stocks may be headed for another rough day. ali velshi is joining us live from new york. ali, what does it mean? >> well, you know, first of all, futures seem to be leveling out a little bit, kyra. a couple of things going on here. one as dan was just saying, we just heard from the treasury secretary who is making a speech and he says he is expecting a deal
in these negotiations. chief washington correspondent jim angle looks at how big the gap is between what medicare takes in and what it owes. >> lawmakers of both sides agree that it's unsustainable. a problem raised with the former director of the congressional budget office. >> our understanding is that medicare is insul vent to $60 trillion is that right? >> it's underfunded by any piece of arithmetic. this year, 51% of the cost comes from tax revenue, not premiums paid by seniors, an amount that will soar in coming years. the new healthcare law seeks to cap healthcare spending to measure of inflation. if it goes faster something called the independent payment advisory board or icap would find savings. >> the board is prohibited by law to make recommendations to ration care, reduce benefits, raise premiums or raise cost sharing. >> it would therefore be limited to calling for cuts to providers such as doctors. committee chairman paul ryan knows providers only get # 0% of the rate now, headed to 66% and then half of that. he argues that doctors will just stop treating seniors. >> it's rationing on the
their arguments outside rather than keeping them inside the room. the president wanted the big deal, john boehner it seemed wanted the big deal, and it's very clear that that is not likely to happen. so at this point the president had his press conference yesterday. he said, you know, i'm the grownup in the room here. we each need to give a little on something. he said, by the way, if we don't agree, guess who will sufficiensufficiener? the american people. >> you mentioned spooking the american people. i saw a poll today and i'm sure the white house saw it as well. in it it showed americans are more worried about raising the debt limit than they are about the government defaulting. could the statement by the president be, i don't know, a calculated effort to warn the country, talking about millions who don't get the checks about the severity of this government default? >> absolutely. i think the president is now starting to say, okay, and we're getting a little into the blame game now. okay, if the government defaults, you're not going to get your social security checks and your veterans benefit
when negotiations with the taliban move forward and it also may have very big repercussions for the u.s. effort in the south. people called president hamid karzai's brother a corrupt gangster. but the cia's former head of counterterrorism says the u.s. may miss him. >> it's quite like live that what follows is going to be something that will not work to our interest. >> reporter: an afghan official says he was gunned down in his own home, shot in the head and chest by his own guard. the taliban took credit, but it's not clear if the shooter was really working for them. >> the united states condemns in the strongest possible terms the murder of president karzai's half brother in kandahar. >> a u.s. official said quote, while we must deal with ahm ahmed wali karzai, he's widely understood to be corrupt and narcotics trafficker. the state department and u.s. military were trying to build trust in the afghan government. they frequently criticized ahmed wali, but the cia worked with him. >> i think often parts of the u.s. government were working at cross purposes where ahmed wali was conce
. the president came out and said republicans, you have to do a big deal and by the way, if you are thinking about an interim plan, forget it, i'm not going to do it. >> i found it interesting because he basically said both sides had to get used to some sacrifice. brian, you and i had the debate yesterday on radio whether or not he would have that particular tone. but that's what he said. i found it interesting he said we should attack this right now, although a month ago he wasn't even involved in these talks. you have to ask him why the sudden urgency now. the other question is is that august 2nd deadline, could tim geithner just push that date a little bit more down the road or is that hard and firm? >> well, here is the -- >> it's not going to get easier, it's going to get harder. we might as well do it now. pull off the bandaid, eat our peas. now is the time to do it. if not now, when? i'm prepared to take on significant heat from my party to get something done. and i expect the other side should be willing to do the same thing if they mean what they say. >> it's amazing. yesterday the presid
. anyway, it was pretty nasty last night. >> strong storms. woke me up. today's big debate in the weather center is whether to go with 99 or 100 for the high temperature. >> does it feel any different? >> i don't think so. you get the idea. extreme heat this afternoon. 78 at reagan national. 75 at baltimore. 18 in ocean city. no thanks. win chest -- 81 in ocean city. no thanks. winchester 73 degrees. we've got a blow off of the cloud cover associated with the storms still hanging in the area that will be with us for the morning hours. that may actually hold the temperature down a degree or two and keep us only in the upper 90s for daytime highs. we're not the only ones. i'm show you more on that in a little bit. the forecast partly cloudy, hot and humid. could be an isolated storm later today. most of us will be dry. we've got a heat advisory which goes into effect at noon. here's your temperature. 99 degrees. it won't feel that cool. >> the cooldown is coming. >> yes. >> thank you, tucker. >>> some of the top stories this morning, baltimore city police issued an amber alert for an 8-year
themselves with big bills. >>> republican ron paul announced today elretire from congress next year to focus on his presidential campaign. the 75-year-old texan says he'll have more credibility if he retires. paul who was a former obstetrician has served 12 terms in congress. >>> sarah palin says she's confident she can win the 2012 presidential election. that's what the former gop vice-presidential candidate told news week magazine in a new interview published online today. palin adds she still isn't sure she'll run. she was recently in pella, iowa for the premiere of the movie "undefeated". >>> this was another historic day in space for the space shuttle atlantis, and the crew of the international space station. today's space walk marked the end of an era. astronauts mike fos om and ron geren did the space walk. the crew has been living on the space station for several months and this was the last time the astronauts could look back and see a shultz docked on the station. today campers watched the space walk and shared their hopes and dreams. >> when i grow up, i would like to be an astron
a big deal, $4 trillion, or whether we're going to have a smaller deal of $2 trillion, but the real issue is whether or not we're going to have a fair deal, a deficit-reduction package which represents the interests of working people and the vast majority of our people or whether we're going to have a deficit reductio-reduction packh ends up reflecting the needs of the wealthiest people in this country who are do phenomenally well and the largest corporations in this country who, in many instances, are making record-breaking profits. that's really what the debate is about. now, the republican position on deficit reduction has been extremely clear and is consistent with their right-wing ideology. despite the fact that our current deficit crisis has been caused by two wars unpaid for, huge tax breaks that have gone to the wealthiest people in this country, and a recession caused by the deregulation of wall street and the lack of revenue coming in as a result of that recession. our republican friends are adamant that while the richest people in this country are becoming much richer, wh
and other democrats. it's not about increasing taxes for anyone. it's about getting rid of some of the big businesses who do not need these extra funds. host: phil in orlando, florida, an independent. what are your thoughts? caller: good morning. we should work on a grand bargain, instead of a mini-deal. to me, it is basic common sense. we need to get people moving in the process. it could be a national bordering program -- national program to do some work that would stimulate your psychological and social well-being. secondly, we should be making sure the parties are not playing politics and bowling to their constituents, who basically seem like the corporations that are running the government. host: would you characterize the tea party as a corporate complex? caller: the tea party has merits. we understand their protests. there seems to be sort of an ideology attached to it, as well, which is under the surface of the tea party. host: let's talk to william, a democrat in hollywood, florida. go ahead. ay the: i'm going to s grand deal. that's what we need to make. second of all, entitlemen
targeted, it's basically not a big deal, now he's realized what a catastrophic error of judgment that was because the woman that's replaced him on this inquiry, sue acres, is saying up to 4,000 people could have been targeted by the newspapers. >> what about the implications that this is not just the now defunct "news of the world," but other papers? >> yeah. i think this is really significant and really bad news for news international. it's no longer just confined to "news of the world," the paper that they closed down, realizing it had become toxic as a brand. it's now spread to "the sun" and "sunday times." both so far have not been shown to have used phone hacking, but they have been shown to use what, at best, slightly underhand techniques, at worst illegal activities to get information. "the sun" is maintaining it got the medical records without breaking the law. "the sunday times" saying there was a legitimate public interest in looking into gordon brown's bank details and so on on a tip, but there was some sort of corruption there or something which was all proved to be u
and syria made a big difference last week when he went to the city of hama during mass demonstrations there. he used human shields according to some, and triggered the embassy attack. >> secretary clinton's message was the strongest by far but that the united states has sent, but it still fell short of calling him to step down. it is a constellate very difficult to get out of. president assad must know that the president -- that the united states will be wary of him in syria. >> the scale of the uk phone hacking scandal is enhanced by new evidence that shows that security for queen elizabeth and other members of the royal family has been put risk. if the bbc has learned that according to company e-mails, the news of the work was paying of royal protection officer for information. there was a director of royal contacts, including royal household staff. four other developments, they tried to obtain details of the former prime minister gordon brown's finances, and that the newspaper tried to access medical information about one of his children culminated an act rupert murdoch's bid for b sky b
in touch with mr. watson but not mr. bryant's big and presenting your committee, "the guardian" or anyone else? >> anyone who is holding material, which clearly people are, from the amounts of media coverage, and there's been some species are you surprised any of these names that are coming out, or do know these names? for example, the gordon brown issue. >> now, i am aware of them. >> mark reckless. [inaudible] holding material because of the stories coming out, is at least another theoretical possibility as stores are being sourced from within the metropolitan police? >> i'm sorry, i don't follow your. >> could it not be the opposite, whether paid or otherwise information, rather than necessary being the place that the media outlets already have it? [inaudible] >> well, we always, we will always be accused of that. i can say with absolute confidence, because i know what's been there. for instance, when there was speculation around victims of 77 bombings, we did not know that they were contained within our material. >> thank you for the answer that i wasn't accusing. >> is a natural thin
speaker boehner has been very sincere about trying to do something big. i think that he would like to do something big. his politics within his caucus are very difficult. you're right. this is part of the problem with a political process where folks are rewarded for saying irresponsible things to win elections were held the political game when we are in the position to try to do something hard. we haven't always laid the groundwork for it, and i think that it's going to take some work on his side but it's also going to take work on our side in order to get this done. the vast majority of democrats on capitol hill would prefer not to have to do anything on entitlements and would prefer frankly not to have to do anything on some of these debt and deficit problems and i'm sympathetic to their concerns because they are looking looking after folks hurting and vulnerable and there are families out there and seniors who are dependent on some of these programs, and what i tried to explain to them is number one, if you look at the numbers, and medicare in particular will run out of money and we w
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of a tent. there are stubbornly high death rates here. a delegation representing the u.s. another big donors came to see what needs to be done to prevent this refugee emergency turning into a disaster. >> the main key right now is to focus on the humanitarian side. we are in very deep need of better 10th facilities, better health facilities as well. it is absolutely a top priority, and the death rate we are seeing here is staggering. >> if the influx of somali refugees continues or becomes even bigger, the plan is to turn this area into the next refugee camp. it could be needed in just a matter of weeks. no wonder that everyone agrees that the emergency operation needs to be ramped up considerably. in the latest batch of refugees across the border, a greater number of the elderly and infirm. caring for them is adding to the complexity of this crisis. >> you are watching newsday on the bbc live from singapore and london. still to come, the latest from northern ireland, where police officers are trying to restore order after riots broke out in belfast. >> rejecting claims of buying his way to
to be on the table, but we just took a big run at getting our health care costs back in line. $1.3 trillion in deficit savings, according to c.b.o. mr. president, in conclusion, the overall -- the overview of the budget framework that we're offering our colleagues for their consideration provides $4 trillion in deficit reduction over ten years. it's actually $5 trillion if measured on the same basis as the fiscal commission. we have adopted what we think is a more plausible baseline in light of things that have happened so far this year. stabilize the debt by 2014, cut the deficit to 2.5% of g.d.p. by 2015 and 1.3% by 2021. we have tax reform that simplifies the code, that closes loopholes, that goes after offshore tax havens and abusive
Search Results 0 to 19 of about 20 (some duplicates have been removed)